Flexible Spending Account (FSA)

Effective March 1, 2024

Allows you to set aside pre-tax dollars for your out-of-pocket health care expenses, e.g. physician fees, prescription drug copayments, deductibles, dental expenses, prescription eyeglasses, and contact lenses. The annual maximum for 2024 is $3,200.

Health Care FSA - Click here for the full list of eligible expenses.

Dependent Care Reimbursement Account (FSA) - Click here for the full list of eligible expenses.

The Dependent Care FSA helps you to save for the care and supervision of your child. By contributing a portion of your payroll dollars into your Dependent Care FSA, you can save for the services you incur. The maximum annual contribution you can make to your Dependent Care FSA is $5,000 per family for the 2024 calendar year ($2,500 if you're married and filing separately). Some common eligible expenses include child care, preschool, before and after school care, and day camps. School tuition and overnight camps are not eligible.

IMPORTANT DATES FOR YOUR FSA – If you have a Healthcare or Dependent Care FSA through Concord Feed & Fuel you will want to note that the plan year ends on 2/28/2025. 

• 2024 Healthcare FSA
• All expenses must be incurred between 3/1/2024 and 2/28/25
• The last date to file claims incurred within those dates is 05/31/2025
• If any funds from the 2024 plan year go unused they will rollover into an 2025 account if re-elected, up to $640. Any amount leftover above $640 will be forfeited. 
• 2024 Dependent Care FSA
• All expenses claimed against the account must have been incurred between 3/1/2024 and 2/28/2025
• The last date to file claims incurred within those dates is 05/31/2025

If you would like to file claims for reimbursement or have additional questions you can go to Wex.com or give Wex a call at 1-877-765-8810